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September 1, 2009

An affiliate company of billionaire Warren Buffett’s investment firm Berkshire Hathaway Inc. announced on Tuesday morning that it has acquired Koenig & Strey GMAC Real Estate in Chicago.

The acquisition, from Brookfield Residential Property Services, is the 21st for HomeServices, which now has more than 15,000 real estate professionals and 21 companies operating in 20 states.

“This transaction makes one of the premier firms within the Chicago area into an even stronger organization,” says Doug Ayers, president and CEO of Koenig & Strey. “By joining forces with HomeServices, we will be unmatched in our ability to serve the real estate and corporate relocation needs of new and existing clients in the Chicago area.”

Koenig & Strey will retain its name.

Reading of interest:

Warren Buffett: Housing Industry’s Problems Over in 18 Months (or, something like that)

Source: HomeServices of America

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